The perimeter intrusion detection systems market is projected to grow from USD 10.73 Billion in 2018 to USD 21.75 Billion by 2023, at a CAGR of 15.2% during the forecast period. Key factors projected to drive the growth of the perimeter intrusion detection systems market include increasing installations of video surveillance for security systems and rising demand for remote access through the cloud and wireless technology in security systems.
Companies such as Honeywell (US), FLIR Systems (US), Johnson Controls (US), Anixter (US), and Axis Communications (Sweden) offer perimeter intrusion detection systems for different industries. These players have adopted various growth strategies such as expansions, agreements, collaborations, partnerships, acquisitions, and new product launches and product enhancements to strengthen their position in the perimeter intrusion detection systems market. New product launches and product enhancements account for more than half of the share of all growth strategies adopted by leading players in the perimeter intrusion detection systems market.
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Honeywell (US) offers perimeter intrusion detection systems that allow organizations to secure the physical perimeter of their office buildings. The company offers video analytics solutions that include IP and analog cameras and domes, and digital and network video recorders. Honeywell focuses on the adoption of organic growth strategies, such as new product launches and product enhancements, to strengthen its position in the perimeter intrusion detection systems market. For instance, in August 2016, Honeywell (US) introduced the MAXPRO Cloud Alarm Monitor, a cloud-based platform that allows remote monitoring and real-time response across multiple sites.
Johnson Controls (US), another key player in the perimeter intrusion detection systems market, focuses on the adoption of inorganic growth strategies, such as partnerships, acquisitions, and collaborations. For instance, in April 2018, Johnson Controls acquired Smartvue, a leading IoT and video provider, to empower its cloud video surveillance and IoT video services. Johnson Controls offers solutions such as intrusion detection, video surveillance, and integrated security solutions. In March 2018, Johnson Controls (US) introduced the latest version of its C•CURE 9000 security platform. The updated version 2.70 provides 24x7 mission-critical security and safety protection for people, buildings, and assets.
Perimeter Intrusion Detection Systems Market by Component (Solutions and Services), Solutions (Sensors & Video Surveillance Systems), Services, Organization Size, Deployment Type, Vertical, and Region - Global Forecast to 2023
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